Yes, you would apply for a home equity line of credit and once approved it would be like a cash account. You would make payments on only what you withdraw. If you have a payment on your current home it would continue the same as it is now.... more
William, Colonial Estates is a very nice community in which to live. If you buy a home in a community such as Colonial, you will need cash to purchase, as most lending institutions will not finance when you do not own the land.
As to "buying in" or â€œbuying and moving inâ€, you will need to check with the community, as many have guidelines as to style and size.
Obviously, you will have a greater selection if you can specify the home you want.
Jack Gaughen Realtor... more
HOA's are not required although many new develpoments do have them. The HOA rules and fees are set/controlled by the develper until such a time as the devlopment is sold out to a certain percentage which again is set by the developer. The HOA is then turned over to the home owners in the development.
If you have any futher questions feel free to give me a call @717-816-9713... more